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Apple Suppliers: Turns Out They’re Doing Okay, Says J.P. Morgan

Contrary to a report yesterday by Nikkei News Service saying Apple’s (AAPL) suppliers, such as Catcher Technology (2474TW) and Pegatron (4938TW) are struggling because of weak sales of the iPhone 7, things appear pretty good in Apple’s ecosystem, according to a note today from J.P. Morgan’s Narci Chang and colleagues, who formally cover the supplier stocks. "We see this as largely backward looking though we do see upward movement on iPhone build orders in the channel,” writes writes J.
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